Impinj (NASDAQ:PI) Issues Quarterly Earnings Results, Misses Estimates By $0.49 EPS

Impinj (NASDAQ:PI - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.49), Zacks reports. Impinj had a net margin of 11.15% and a return on equity of 7.69%. Impinj updated its Q1 2025 guidance to 0.060-0.110 EPS.

Impinj Stock Down 2.2 %

Shares of PI traded down $2.38 during trading hours on Friday, hitting $105.38. The company had a trading volume of 1,326,484 shares, compared to its average volume of 917,382. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 77.49 and a beta of 1.88. The business has a fifty day moving average of $145.29 and a 200-day moving average of $172.16. Impinj has a 12 month low of $97.77 and a 12 month high of $239.88.

Insiders Place Their Bets

In other Impinj news, major shareholder Sylebra Capital Llc sold 78,616 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $201.79, for a total transaction of $15,863,922.64. Following the completion of the transaction, the insider now directly owns 2,143,736 shares in the company, valued at $432,584,487.44. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cathal G. Phelan sold 210 shares of the company's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $146.06, for a total value of $30,672.60. Following the sale, the insider now owns 6,979 shares of the company's stock, valued at $1,019,352.74. The trade was a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,132 shares of company stock worth $18,510,291 over the last three months. Insiders own 51.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com lowered Impinj from a "hold" rating to a "sell" rating in a research report on Friday, January 24th. Needham & Company LLC cut their price objective on Impinj from $182.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday. Evercore ISI reiterated an "outperform" rating and set a $270.00 price target (up from $205.00) on shares of Impinj in a research report on Thursday, October 24th. Lake Street Capital lifted their price objective on shares of Impinj from $190.00 to $251.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Susquehanna cut their price target on shares of Impinj from $260.00 to $220.00 and set a "positive" rating for the company in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Impinj has a consensus rating of "Moderate Buy" and a consensus price target of $180.10.

About Impinj

Impinj, Inc operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.